ASBRU: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ASBRU
Largest movements
- Tangible fixed assets +€202,366
up €202,366 (+41.3%), from €489,824 to €692,190
of which Land and buildings: +€187,384
- Cash -€140,596
down €140,596 (-48.4%), from €290,574 to €149,978
mainly Investment in fixed assets (net) (-€245,491) and Current portion of long-term debt (-€28,319)
- Profit (loss) carried forward +€66,982
up €66,982 (+18.7%), from €357,435 to €424,417
- Current portion of long-term debt -€28,319
down €28,319 (-8.1%), from €349,071 to €320,752
- Other debts +€17,700
up €17,700 (+67.0%), from €26,423 to €44,123
- Depreciation +€14,049
up €14,049 (+48.3%), from €29,076 to €43,125
- Purchases and services +€11,366
up €11,366 (+74.5%), from €15,253 to €26,619
- Turnover +€9,558
up €9,558 (+6.2%), from €154,573 to €164,131
- Gross operating margin +€6,132
up €6,132 (+4.3%), from €142,320 to €148,452
- Taxes -€5,294
down €5,294 (-19.7%), from €26,841 to €21,547
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €788,687 | €850,380 | +€61,694 | +7.8% |
| Fixed assets | 21/28 | €489,824 | €692,190 | +€202,366 | +41.3% |
| Tangible fixed assets | 22/27 | €489,824 | €692,190 | +€202,366 | +41.3% |
| Land and buildings | 22 | €421,965 | €609,350 | +€187,384 | +44.4% |
| Plant, machinery and equipment | 23 | €67,859 | €82,840 | +€14,981 | +22.1% |
| Current assets | 29/58 | €298,862 | €158,190 | -€140,672 | -47.1% |
| Amounts receivable within one year | 40/41 | €8,262 | €8,182 | -€81 | -1.0% |
| Trade receivables | 40 | €1,993 | €1,535 | -€459 | -23.0% |
| Other amounts receivable | 41 | €6,269 | €6,647 | +€378 | +6.0% |
| Cash at bank and in hand | 54/58 | €290,574 | €149,978 | -€140,596 | -48.4% |
| Deferred charges and accrued income | 490/1 | €26 | €31 | +€5 | +18.0% |
| Total equity and liabilities | 10/49 | €788,687 | €850,380 | +€61,694 | +7.8% |
| Equity | 10/15 | €377,895 | €444,877 | +€66,982 | +17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €357,435 | €424,417 | +€66,982 | +18.7% |
| Amounts payable | 17/49 | €410,792 | €405,503 | -€5,289 | -1.3% |
| Amounts payable within one year | 42/48 | €410,792 | €405,503 | -€5,289 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €349,071 | €320,752 | -€28,319 | -8.1% |
| Trade debts | 44 | €20,746 | €21,470 | +€724 | +3.5% |
| Suppliers | 440/4 | €20,746 | €21,470 | +€724 | +3.5% |
| Taxes, remuneration and social security | 45 | €14,553 | €19,159 | +€4,607 | +31.7% |
| Taxes | 450/3 | €14,553 | €19,159 | +€4,607 | +31.7% |
| Other amounts payable | 47/48 | €26,423 | €44,123 | +€17,700 | +67.0% |
| Turnover | 70 | €154,573 | €164,131 | +€9,558 | +6.2% |
| Non-recurring operating income | 76A | €3,000 | - | -€3,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €15,253 | €26,619 | +€11,366 | +74.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,076 | €43,125 | +€14,049 | +48.3% |
| Other operating charges | 640/8 | €15,892 | €16,391 | +€499 | +3.1% |
| Gross operating margin | 9900 | €142,320 | €148,452 | +€6,132 | +4.3% |
| Operating profit (loss) | 9901 | €97,351 | €88,935 | -€8,416 | -8.6% |
| Financial charges | 65/66B | €2,635 | €406 | -€2,229 | -84.6% |
| Recurring financial charges | 65 | €2,485 | €406 | -€2,079 | -83.7% |
| Non-recurring financial charges | 66B | €150 | - | -€150 | |
| Profit (loss) for the period before taxes | 9903 | €94,716 | €88,529 | -€6,187 | -6.5% |
| Income taxes | 67/77 | €26,841 | €21,547 | -€5,294 | -19.7% |
| Profit (loss) for the period | 9904 | €67,875 | €66,982 | -€892 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,875 | €66,982 | -€892 | -1.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.